Md. Code, Est. & Trusts § 4-406

Current with changes from the 2024 Legislative Session
Section 4-406 - Exoneration
(a) Unless a contrary intent is expressly indicated in the will, a legacy of specific property shall pass subject to a security interest, lien, or renewal, extension, or refinancing of a security interest or lien on the property that existed at the time of execution of the will.
(b) If a security interest or lien is created or attaches initially after the execution of the will, the legatee is entitled to exoneration.

Md. Code, ET § 4-406

Amended by 2019 Md. Laws, Ch. 197,Sec. 1, eff. 10/1/2019.